Recurring environmental challenges and the global energy crisis have led to intensified research on alternative energy sources. Hydrogen has emerged as a promising solution, produced through electrochemical, thermochemical, and biological methods. This study presents the advantages and disadvantages of these technologies. It also provides pertinent data on hydrogen production, identifying world‐leading countries in hydrogen production, such as the USA, Japan, and China, and the government policies that they have adopted. It reports market trends such as hydrogen synthesis by water electrolysis, the high cost of the electrolyzers used, and incentives for the carbon market to become competitive with other alternative energy sources. It also highlights startups from around the world that are developing innovative methodologies for producing hydrogen. The study concludes that integrating hydrogen production concepts with social, environmental, and industry interests is essential.